Why Peercoin is overlooked nowadays

Peercoin is the original cryptocurrency that introduced the "Proof of Stake" concept, created by Sunny King. Long before Ethereum even thought of PoS, Peercoin was already leading the way. It’s a hybrid coin (mix of PoW and PoS) with a capped supply. Even though it was the first to bring PoS to the table, newer projects have left it in the shadows. Currently, 1 PPC is sitting at about $0.31, which seems way too low to me. Do you think there’s still a chance for this project to bounce back? It looks like Sunny King kinda moved on after starting a new project called "V Systems," which ended up being a total flop. Then there’s Primecoin, which is like Peercoin’s little sister, but it’s pretty much forgotten too. What do you all think? I’d love to hear your thoughts.

There was several altcoins that pioneered different concepts. I can think of Bytecoin and Bitshares, that were more than just a copy and paste fork of Bitcoin. These coins were simply ahead of their time. In some cases, like Bytecoin, their tech was solid but people considered it a scam because most of its supply was pre-mined. Ethereum also had a large pre-mine, but they were more transparent about it. ETH managed to succeed where other coins failed because their smart contract capabilities were more advanced. This attracted developers. With so many possible applications, it also gained lots of attention from investors. Those forgotten altcoins won’t be coming back because they’ve been surpassed on every level. Those newer coins that built on their innovations are continuously evolving and improving and have reached a point where it’s nearly impossible for older coins, with less developer resources, to catch up to them.

I don't know, all altcoins end up the same and that makes me lose faith in altcoins and what's worse, no matter the technology behind it, it's still abandoned after more hyped coins even with lower grades, if Peercoin can be adopted by many communities and or its network is supported by many developers, it might increase interest again, but what can you do? Nothing will last long, the crypto market adapts faster to something new, if a product is too late than others, it will lose interest.

LOL

I'm just learning about that coin now and that is extremely strange considering that they are actually have a very god concept. Maybe they dod not do their marketing wel which is why they are having the problem of extinction as it is looking like. It could also be that my attention have been main focus as I hardly look lpok at these altcoins. Bit the price yiu called is really tempting to make someone buy small portion and hold.

The AltCoin market had muchly been dominated by seasonal Crypto Currencies whereas, as it attributes potential valuation of prospects, and as much it earns investors interests to invest on, it's usually somehow maneuvered in the terms that's best known by the inventor and teams leading to the crash of the coin which we may assume they're core driving values basically by hyping. While several issues had occurred in the AltCoin space with no specified problem identified to why the project has to fadlarge, investors becomes skeptic and loosing their interests even when the dead coin awakes again. This also had made lot of investors lost interest entirely in the Alt market at large.

It is definitely interesting from a historical perspective but probably not good from an investment standpoint.. Why? Because there's loads of other "innovative" coins that have fallen to the wayside... nobody except for nerds like us care about them or remember them. Namecoin Devcoin IXCoin Blackcoin Whitecoin Primecoin NXT NEM Bitshares Bitshares 2.0 NEO EOS Nano The list goes on

Most of the reasons why they fail are because they didn't build a bad system and the developers were looking for profit as the main goal, we can see in their white paper, tokenmics, the actions taken by the developers, how many coins there are and how to regulate inflation. The system was not created for the benefit of the community, most projects are only concerned that when they have onchain activity or interaction then they have to look for big profits, and this is a wrong concept, so when the project has no activity the developers run away, just like the coin that the OP is talking about.

I remember that peercoin and some of the other altcoins that have been in the top 100 spot before. I think despite that they've got a good narrative and system that they've introduced. These ecosystem is designed to replace one and the other when something new comes it. It's no longer about how good the project is but about the support of the community that it has got and how active the devs will be.

Damn...  I still remember these coins like it was yesterday.  The vibe was way different back then.  It was a lot more fun being in crypto and somehow I kept having this positive feeling inside that we'll all make it someday.  I'd like it to be back to that...  Had so much fun. As for that list, I got into Blackcoin, NXT and Bitshares.  Didn't really make a lot.  Lol.  But my biggest miss was NEM!  I had the opportunity to get into their ICO but faded.  That thing went 1000x and made many people rich.

Bitshares was very interesting back in time, and it would have probably grown bigger if creator wasn't hopping from project to another out of boredom. OP: Yeah, there could be a trend coming where old projects are seen as undervalued and rekindled for a moment. But undervalued in terms of what measurements, and compared to what exactly? Someone could say that there are just countless of projects that are overvalued above the Peercoin marketcap. Or that there are also many projects with active and talented developers with backed funding and many of them are building new things. So if the main card for some crypto is that it had some proto technology at the time, then it seems like it's only has been nostalgia that keeps it some how not dying. Then NXT, Bitshares and i think Counterparty are undervalued as well (among many others).

No one cares about alternative utility coins anymore, what we have now are people who have been disappointed too many times with altcoins, now all they care about is some pump and taking instant profits.

I doubt it will make a comeback. People have moved on, and most of the coin prices right now are hype-driven. Without hype, people slowly abandon and forget about the coin for "newer, flashier" ones. The earlier we accept what is currently happening, the better. A big percentage for people are in the game to make some quick money, so if a shitcoin with no history or utility pops up, so long as the price shoots up, that is what people jump on to. Not holding bags of a technically good altcoin that hasn't achieved a new all-time high in the last 8 years.

Users can only expect value from the ecosystem built on top of them; otherwise, they have no reason to use altcoins when we already have Bitcoin. If they don't attract a large number of dapp developers, they will be buried over time. I sometimes see VSystems' price pumping; perhaps there are still hidden fans out there, or perhaps it's just low liquidity, who knows?

Yes. That's very unfortunate. Because recent developments have shifted the crypto industry's view from a utilitarian one to a speculative one. It's why most developers launch tokens within existing blockchain networks, instead of making a real crypto from scratch. They're too lazy to come up with something useful for the industry. Developers are only interested in the profits. You can see why the market is flooded with so many "shitcoins" these days. Especially "meme" coins. Hopefully, the situation improves in the future as institutional investors bring "seriousness" to the industry. We'll see what happens... Well, Dan Larimer's projects were a "hit and miss". They had good tech, but bad execution. It's what happened with Bitshares, EOS, and most recently, Steem. A project can have good tech, but with poor marketing/PR, it won't be going anywhere. The key is to attract investors. Particularly, retail investors and VCs. At least, Peercoin is still trading across exchanges. It could've been worse, right? I've seen coins which are no longer listed on exchanges. Spreadcoin is one of them. Wishing all the best to old crypto projects that are still "alive".

That is not true mate. What about me for example? I don't patronize these pumps and dumps though but I only patronize the coins that has their own utilities. Even though a coin can have a utility but it may still not deliver what other people wants, and that is the profit (maybe a bigger one) or the quick pumps. But that is why there is another category created in the crypto field and that is, none other than the Pump and Dump. Their decision of going there is correct but they must not only complain if they are not successful, since pump and dump projects are highly risky. I don't want to hear that someone whines how bad the entire cryptos are.

He has a point in that at some point the premise of utility was abandoned by a lot of liquidity in favor of memes; however, the memecycle might be running its course and there's promise in the future of some kind of AI/blockchain cross-section... we just don't know what form it will come in yet, or if it will ever be as popular as bitcoin. Anyway. Interesting times to be sure.

You over estimate the "innovation" in most of those coins. Primecoin and Namecoin were cooler than most people gave them credit for though.

Right now, we are in an era where marketing is way more valuable and kind of "the gauge" for a project being a successful or not compared to how good the technology of the project is. We've seen projects in the past where the project is good, the developers are upgrading it, but the problem is there aren't enough backing from investors and they aren't marketing it elsewhere so the ending? Failed project. TBH, Peercoin isn't the only "OG coin" that went from being at the top to now below top 100 and even 200 in terms of market cap. IOTA, XEM, NEM, and EOS are just some of them, and that only shows that their market cap didn't went up or it even went down because of lack of investors. The market is evolving and unfortunately, Peercoin has been left in the dust like what you said that's why nobody's talking about it anymore. Maybe we can also add the fact that during the time where Peercoin is at it's peak, there aren't that much investors at all compared to the current one where it's becoming mainstream already.

One of the risks that comes with holding such rear gen OG coins is that, you can not tell if the creator have moved on to other projects and left this one for community driven to push I value, the reason why most of them become so under valued for so long, between it all about risk and putting some money that can seat there for long term on such projects is not really a bad idea after all, so me can still risks some funds on PPC but that will be funds I can afford to lose.